KELLANOVA (KEL.DE) Stock Fundamental Analysis
Europe - Frankfurt Stock Exchange - FRA:KEL - US4878361082 - Common Stock
66.24 EUR
+0.84 (+1.28%)
We assign a fundamental rating of 5 out of 10 to KEL. KEL was compared to 59 industry peers in the Food Products industry. KEL has an excellent profitability rating, but there are concerns on its financial health. KEL is valued expensive and it does not seem to be growing.
1. Profitability
1.1 Basic Checks
KEL had positive earnings in the past year.
KEL had a positive operating cash flow in the past year.
KEL had positive earnings in each of the past 5 years.
KEL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
KEL has a better Return On Assets (8.41%) than 82.76% of its industry peers.
With an excellent Return On Equity value of 32.49%, KEL belongs to the best of the industry, outperforming 91.38% of the companies in the same industry.
Looking at the Return On Invested Capital, with a value of 13.24%, KEL belongs to the top of the industry, outperforming 87.93% of the companies in the same industry.
KEL had an Average Return On Invested Capital over the past 3 years of 11.99%. This is above the industry average of 7.11%.
The 3 year average ROIC (11.99%) for KEL is below the current ROIC(13.24%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROIC | 13.24% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
1.3 Margins
The Profit Margin of KEL (10.56%) is better than 77.59% of its industry peers.
In the last couple of years the Profit Margin of KEL has grown nicely.
The Operating Margin of KEL (15.05%) is better than 84.48% of its industry peers.
In the last couple of years the Operating Margin of KEL has grown nicely.
KEL has a Gross Margin of 35.99%. This is comparable to the rest of the industry: KEL outperforms 44.83% of its industry peers.
KEL's Gross Margin has improved in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% |
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
2. Health
2.1 Basic Checks
The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so KEL is still creating some value.
KEL has more shares outstanding than it did 1 year ago.
KEL has more shares outstanding than it did 5 years ago.
KEL has a better debt/assets ratio than last year.
2.2 Solvency
KEL has an Altman-Z score of 3.29. This indicates that KEL is financially healthy and has little risk of bankruptcy at the moment.
With a decent Altman-Z score value of 3.29, KEL is doing good in the industry, outperforming 79.31% of the companies in the same industry.
The Debt to FCF ratio of KEL is 9.04, which is on the high side as it means it would take KEL, 9.04 years of fcf income to pay off all of its debts.
Looking at the Debt to FCF ratio, with a value of 9.04, KEL is in line with its industry, outperforming 46.55% of the companies in the same industry.
A Debt/Equity ratio of 1.25 is on the high side and indicates that KEL has dependencies on debt financing.
KEL's Debt to Equity ratio of 1.25 is on the low side compared to the rest of the industry. KEL is outperformed by 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 3.29 |
ROIC/WACC1.69
WACC7.83%
2.3 Liquidity
KEL has a Current Ratio of 0.68. This is a bad value and indicates that KEL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.68, KEL is not doing good in the industry: 87.93% of the companies in the same industry are doing better.
KEL has a Quick Ratio of 0.68. This is a bad value and indicates that KEL is not financially healthy enough and could expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 0.45, KEL is doing worse than 77.59% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
KEL shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -4.18%.
KEL shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -0.46% yearly.
KEL shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.71%.
Measured over the past years, KEL shows a decrease in Revenue. The Revenue has been decreasing by -1.25% on average per year.
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
3.2 Future
The Earnings Per Share is expected to grow by 4.29% on average over the next years.
Based on estimates for the next years, KEL will show a small growth in Revenue. The Revenue will grow by 2.11% on average per year.
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
3.3 Evolution
When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.16, KEL is valued on the expensive side.
62.07% of the companies in the same industry are cheaper than KEL, based on the Price/Earnings ratio.
KEL's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.47.
A Price/Forward Earnings ratio of 20.17 indicates a rather expensive valuation of KEL.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEL indicates a slightly more expensive valuation: KEL is more expensive than 63.79% of the companies listed in the same industry.
When comparing the Price/Forward Earnings ratio of KEL to the average of the S&P500 Index (34.42), we can say KEL is valued slightly cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 |
4.2 Price Multiples
KEL's Enterprise Value to EBITDA ratio is a bit more expensive when compared to the industry. KEL is more expensive than 68.97% of the companies in the same industry.
KEL's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.61 | ||
| EV/EBITDA | 13.99 |
4.3 Compensation for Growth
KEL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.05%
EPS Next 3Y1.34%
5. Dividend
5.1 Amount
KEL has a Yearly Dividend Yield of 2.81%.
Compared to an average industry Dividend Yield of 3.35, KEL pays a bit more dividend than its industry peers.
KEL's Dividend Yield is comparable with the S&P500 average which is at 2.41.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
5.2 History
The dividend of KEL has a limited annual growth rate of 1.51%.
Dividend Growth(5Y)1.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
KEL pays out 59.03% of its income as dividend. This is a bit on the high side, but may be sustainable.
KEL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.03%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
FRA:KEL (9/25/2025, 7:00:00 PM)
66.24
+0.84 (+1.28%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners84.18%
Inst Owner ChangeN/A
Ins Owners0.44%
Ins Owner ChangeN/A
Market Cap23.05B
Revenue(TTM)12.64B
Net Income(TTM)1.33B
Analysts54.29
Price Target72.25 (9.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
Yearly Dividend1.93
Dividend Growth(5Y)1.51%
DP59.03%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.7%
Min EPS beat(2)-12.53%
Max EPS beat(2)-6.87%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-12.53%
Max EPS beat(4)8.62%
EPS beat(8)6
Avg EPS beat(8)5.6%
EPS beat(12)10
Avg EPS beat(12)6.19%
EPS beat(16)14
Avg EPS beat(16)7.38%
Revenue beat(2)0
Avg Revenue beat(2)-3.24%
Min Revenue beat(2)-4.93%
Max Revenue beat(2)-1.54%
Revenue beat(4)1
Avg Revenue beat(4)-1.84%
Min Revenue beat(4)-4.93%
Max Revenue beat(4)0.37%
Revenue beat(8)3
Avg Revenue beat(8)-0.13%
Revenue beat(12)6
Avg Revenue beat(12)0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.33%
PT rev (1m)-1.35%
PT rev (3m)-2.6%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-4.41%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-4.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 | ||
| P/S | 2.14 | ||
| P/FCF | 41.61 | ||
| P/OCF | 20.73 | ||
| P/B | 6.58 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.99 |
EPS(TTM)3.13
EY4.73%
EPS(NY)3.28
Fwd EY4.96%
FCF(TTM)1.59
FCFY2.4%
OCF(TTM)3.2
OCFY4.82%
SpS30.96
BVpS10.06
TBVpS-6.77
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROCE | 18.15% | ||
| ROIC | 13.24% | ||
| ROICexc | 13.67% | ||
| ROICexgc | 36.94% | ||
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% | ||
| FCFM | 5.14% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
ROICexc(3y)12.48%
ROICexc(5y)11.99%
ROICexgc(3y)36.74%
ROICexgc(5y)35.13%
ROCE(3y)15.6%
ROCE(5y)14.99%
ROICexgc growth 3Y9.44%
ROICexgc growth 5Y7.97%
ROICexc growth 3Y8.64%
ROICexc growth 5Y9.53%
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
F-Score6
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 177.51% | ||
| Cap/Sales | 5.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.44% | ||
| Profit Quality | 48.69% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 3.29 |
F-Score6
WACC7.83%
ROIC/WACC1.69
Cap/Depr(3y)144.93%
Cap/Depr(5y)131.73%
Cap/Sales(3y)4.42%
Cap/Sales(5y)4.17%
Profit Quality(3y)102.41%
Profit Quality(5y)100.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
EBIT growth 1Y20.29%
EBIT growth 3Y1.56%
EBIT growth 5Y5.55%
EBIT Next Year17.18%
EBIT Next 3Y7.63%
EBIT Next 5Y6.96%
FCF growth 1Y-30.11%
FCF growth 3Y-0.47%
FCF growth 5Y13.92%
OCF growth 1Y-12.42%
OCF growth 3Y1.14%
OCF growth 5Y8.4%
KELLANOVA / KEL.DE FAQ
Can you provide the ChartMill fundamental rating for KELLANOVA?
ChartMill assigns a fundamental rating of 5 / 10 to KEL.DE.
Can you provide the valuation status for KELLANOVA?
ChartMill assigns a valuation rating of 2 / 10 to KELLANOVA (KEL.DE). This can be considered as Overvalued.
What is the profitability of KEL stock?
KELLANOVA (KEL.DE) has a profitability rating of 9 / 10.
What are the PE and PB ratios of KELLANOVA (KEL.DE) stock?
The Price/Earnings (PE) ratio for KELLANOVA (KEL.DE) is 21.16 and the Price/Book (PB) ratio is 6.58.
Can you provide the dividend sustainability for KEL stock?
The dividend rating of KELLANOVA (KEL.DE) is 5 / 10 and the dividend payout ratio is 59.03%.